Company Overview 

Founded in 2018, Vishal Mega Mart is a hypermarket chain offering apparel, groceries, electronics, and home essentials. 

IPO Details 

Vishal Mega Mart plans to raise ₹8,000 crore via an IPO, entirely an Offer for Sale (OFS) by promoter Samayat Services. 

Business Model 

The company operates on an asset-light model, leasing distribution centers and stores while outsourcing manufacturing. 

Target Audience

 Vishal Mega Mart caters to middle and lower-middle-income groups across India.

Pan-India Presence 

With 645 stores in 414 cities across 28 states and 2 union territories, Vishal Mega Mart has a strong nationwide network. 

Financial Performance 

Reported a net profit of ₹254.14 crore with revenue of ₹5,053.42 crore as of September 30, 2024. 

FY 2023-24 Highlights 

Achieved a net profit of ₹461.94 crore and revenue of ₹8,945.13 crore in the financial year 2023-24.